Darling Ingredients sees DGD timing benefits in Q4

Darling Ingredients (DAR) expects fiscal 2026 combined adjusted EBITDA of $2.2B-$2.3B, citing strong business fundamentals and a favorable run rate entering Q4.

The company’s 50/50 joint venture, Diamond Green Diesel (DGD) reported a Q3 net income of $340.9M, compared with a net loss of $80.6M a year earlier. Operating revenue rose 98.7% Y/Y to $2.39B, while operating income swung to $347.8M from an operating loss of $70.0M in Q3 2025.

DGD adjusted EBITDA was $418.1M, compared with $5.4M a year earlier. After discount and broker fees, Darling Ingredients’ (DAR) 50% share of DGD adjusted EBITDA was $204.2M, versus a loss of $2.9M.

FY2026 guidance: Darling Ingredients expects combined adjusted EBITDA of $2.2B-$2.3B.

“While results were impacted by the timing of renewable diesel sales and certain commercial activities, we expect those timing differences to benefit fourth-quarter results,” Chairman and CEO Randall C. Stuewe said.

Darling Ingredients (DAR) said it will release its Q3 2026 consolidated financial results after market close on October 28.

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